{"id":10167,"date":"2015-07-18T08:07:28","date_gmt":"2015-07-18T13:07:28","guid":{"rendered":"http:\/\/olduvai.ca\/?p=10167"},"modified":"2015-07-18T08:07:28","modified_gmt":"2015-07-18T13:07:28","slug":"all-hail-our-banking-overlords","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=10167","title":{"rendered":"All Hail Our Banking Overlords!"},"content":{"rendered":"

All Hail Our Banking Overlords!<\/a><\/h3>\n
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We work for them, plain & simple<\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n

You really have to be paying attention to see what\u2019s truly going on these days. The keepers of the system, that is the banking elites, now openly control everything — though you’d never know that by listening to the media.<\/p>\n

Consider this:<\/p>\n

Eurozone\u00a0backs \u20ac7bn\u00a0bridging loan<\/strong><\/p>\n

Jul 16, 2105<\/p>\n

Eurozone ministers have agreed to give Greece a \u20ac7bn (\u00a35bn) bridging loan from an EU-wide fund to keep its finances afloat\u00a0<\/strong>until a bailout is approved.<\/p>\n

The loan is expected to be confirmed on Friday by all EU member states.<\/p>\n

In another development, the European Central Bank (ECB) agreed to increase emergency funding to Greece for the first time since it was frozen in June.<\/p>\n

The decisions were made after Greek MPs passed tough reforms as part of a eurozone bailout deal.<\/p><\/blockquote>\n

How generous of the finance ministers of all those EU member states to agree to a \u201cbridge loan\u201d that will help Greece “keep its finances afloat”. This should provide the people of Greece with a bit of breathing room, right? Maybe access to their bank accounts (finally!), perhaps?<\/p>\n

No, not at all. Here\u2019s what the entirety of the \u201c\u201dloan\u201d\u201d will go towards instead:<\/p>\n

The bridging loan means Greece will be able to repay debts to the\u00a0ECB\u00a0and IMF on Monday.<\/p><\/blockquote>\n

Ummmm\u2026that\u00a0\u201cmoney\u201d will not ever go anywhere near Greece.<\/p>\n

This is all merely electronic window-dressing for entirely esoteric bookkeeping purposes. Servers will blink at one location in Europe as digital 1s and 0s are transmitted\u00a0to another. The\u00a0electronic balances at the ECB and the IMF will change, but not much else.<\/p>\n

The people of Greece will see none of it. Nor will they see their bank accounts unfrozen.<\/p>\n

 <\/p>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

All Hail Our Banking Overlords! We work for them, plain & simple You really have to be paying attention to see what\u2019s truly going on these days. The keepers of the system, that is the banking elites, now openly control everything — though you’d never know that by listening to the media. Consider this: Eurozone\u00a0backs […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[2015,3172,7362,63,124,3596,195,200,233,279,1167,418,2218],"class_list":["post-10167","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-bailout","tag-bankers","tag-banking-overlords","tag-banks","tag-central-banks","tag-chris-martenson","tag-debt","tag-default","tag-ecb","tag-eu","tag-greece","tag-imf","tag-peak-prosperity"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10167"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10167\/revisions"}],"predecessor-version":[{"id":10168,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10167\/revisions\/10168"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}